If U.S. companies are going to work with some of the most brutal human rights regimes in the world, shouldn't they be forced to disclose just how much they're paying these folks?
That's the premise behind teh U.S. Energy Security Through Transparency Act, a bill in Congress that would require all oil, gas and mining companies registered with the U.S. Securities and Exchange Commission, to disclose money that they're paying to foreign governments worldwide.
It's an important bill, especially given the fact that U.S. companies like Chevron (and many others) continue to give money to repressive regimes, including Burma. Oil companies have been partnering with the Burmese military for years, pouring cash into a country that systematically suppresses its people, and has marked an entire ethnic population ready for "extinction."
Demand Congress pass this legislation. If these companies won't willfully disclose their investments in shoddy human rights regimes, let's make them do it through much needed legislation.
The U.S. Energy Security Through Transparency Act is a bill currently pending in Congress that would require oil, gas, and mining companies registered with the U.S. Securities and Exchange Commission to disclose their dealings with foreign governments. The bill, which was introduced last year in Congress with bipartisan support, is a welcome piece of legislation that will not only help keep America safer, but will go a long way toward making sure companies are held accountable for doing business with known dictators and human rights violators.
In many respects, Burma is the perfect example for why this bill should be passed by Congress. Energy companies have continued to invest in Burma, some dating back more than two decades, giving a military junta millions upon millions of dollars. Meanwhile, this same military junta uses that money to continually suppress its people, even going so far as to label one ethnic group as ready for "extinction."
Companies should not be able to hide their dealings with foreign governments behind a smokescreen. I urge you to pass the U.S. Energy Security Through Transparency Act, and help keep corporations honest about their investments in countries with shoddy human rights records.
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